I think, until we get an honest approach that really results in substantial renegotiation of mortgages, that the real estate industry and the housing industry are going to continue to be weak.
Dick Durbin: “I think, until we get an honest approach that really results in substantial renegotiation of mortgages, that the real…”
Editor's note · Context
Durbin emphasizes the need for substantial mortgage renegotiation to strengthen the housing industry.
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You can’t survive in politics unless you’re optimistic. You’ve got to believe that even though you face a setback or you don’t have all the laws you need, that tomorrow will be better.
Changes of this magnitude with no discernible justification must be scrutinized.
To leave here without this being a law finalized to protect these young people … is painful, really painful. I don’t want them to feel like I’m abandoning them.
We ask that you immediately provide all committee records that you have withheld, commit to fully complying with Senate Rules XXVI and XXVII going forward, and apologize to Mr. Smith on behalf of the Committee.





